Nomura Holdings Inc. Acquires 36,640 Shares of Knight-Swift Transportation Holdings Inc. (NYSE:KNX)

Nomura Holdings Inc. boosted its holdings in Knight-Swift Transportation Holdings Inc. (NYSE:KNX) by 305.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,647 shares of the transportation company’s stock after acquiring an additional 36,640 shares during the quarter. Nomura Holdings Inc.’s holdings in Knight-Swift Transportation were worth $2,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Knight-Swift Transportation by 6.8% in the fourth quarter. Victory Capital Management Inc. now owns 7,980,109 shares of the transportation company’s stock valued at $423,265,000 after buying an additional 506,491 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Knight-Swift Transportation by 7.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,991,354 shares of the transportation company’s stock valued at $370,819,000 after buying an additional 505,543 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Knight-Swift Transportation by 3.1% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,201,276 shares of the transportation company’s stock valued at $221,541,000 after buying an additional 125,827 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Knight-Swift Transportation by 1.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,556,405 shares of the transportation company’s stock valued at $188,632,000 after buying an additional 63,241 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in Knight-Swift Transportation by 36.8% in the fourth quarter. Franklin Resources Inc. now owns 1,885,438 shares of the transportation company’s stock valued at $100,004,000 after buying an additional 507,370 shares in the last quarter. Institutional investors own 88.77% of the company’s stock.

Insider Buying and Selling at Knight-Swift Transportation

In other news, Director Douglas L. Col bought 5,000 shares of the stock in a transaction on Thursday, March 13th. The stock was purchased at an average price of $45.37 per share, with a total value of $226,850.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $226,850. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 3.00% of the company’s stock.

Knight-Swift Transportation Trading Up 0.1%

KNX opened at $45.61 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.85 and a quick ratio of 1.01. The company has a market cap of $7.39 billion, a price-to-earnings ratio of 62.47 and a beta of 1.18. The firm has a 50 day simple moving average of $42.27 and a 200 day simple moving average of $50.31. Knight-Swift Transportation Holdings Inc. has a fifty-two week low of $36.69 and a fifty-two week high of $61.51.

Knight-Swift Transportation (NYSE:KNX) last posted its quarterly earnings results on Wednesday, April 23rd. The transportation company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. Knight-Swift Transportation had a net margin of 1.59% and a return on equity of 2.43%. The business had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the firm posted $0.12 earnings per share. Knight-Swift Transportation’s revenue for the quarter was up 1.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Knight-Swift Transportation Holdings Inc. will post 2.13 earnings per share for the current year.

Knight-Swift Transportation Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 23rd. Shareholders of record on Monday, June 9th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Monday, June 9th. Knight-Swift Transportation’s payout ratio is presently 76.60%.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on KNX. Wells Fargo & Company reduced their target price on shares of Knight-Swift Transportation from $55.00 to $46.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. TD Cowen reduced their target price on shares of Knight-Swift Transportation from $55.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Bank of America upped their target price on shares of Knight-Swift Transportation from $43.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays reduced their target price on shares of Knight-Swift Transportation from $62.00 to $58.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Finally, Stifel Nicolaus reduced their target price on shares of Knight-Swift Transportation from $57.00 to $49.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Seven investment analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Knight-Swift Transportation currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.73.

Knight-Swift Transportation Profile

Knight-Swift Transportation Holdings Inc, together with its subsidiaries, provides freight transportation services in the United States and Mexico. The company operates through four segments: Truckload, Less-than-truckload (LTL), Logistics, and Intermodal. The Truckload segment provides transportation services, which include irregular route and dedicated, refrigerated, expedited, flatbed, and cross-border operations.